Licensed mto: miChaptersmUser
,Licensed mto: miChaptersmUser
In this book . . . STUDY TOOLS
m m m m m m m
that help you make the grade
m m m m m
mCASmEmImNmPOINTmmPatriciam Ostolaz am andm Em ShortmCaseminmPointmexampl
Josém Diazm ownedm am homem onm whichm they
m hadm twom mortgagem loansmandmamhomem equi
esm m m m m m
tymlinemofmcreditmprovidedmbym BankmofmAmeric m
a.mAn thonymFalconemc alledmth emmandm s aidmth at
mhemcouldmrefinanc emth eirmmortgagesminmam ma
nnermthatmwouldmredu cemth eirmmonthlympayment
s.m Falconemsaidmthatmhemrepr esentedmBankmofm
Ameri cam wh enminmfac tmhemrepr esen tedmCountry ▼m ConceptmSummarymboxesmlocatedmatmkeympointsminmea
widemHom em Loans ,mInc.mAtmth emclosingmofmth e
mnewmloan ,mthemhom-
chmchapter mhelpmyoumreview mmoremeffectivelymformexam
m eownersmwer emgivenmallmofmth emrelev antmdocu s.
ments ,m includingmth emTIL Amdisclosur emstatemen t.
mThemdocu- m m m m m m
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munderm themnewmloan,mwhichmwasmhigh ermthan
mthemcouple’sm originalmp aymen ts.mTh emhomeown
Type m of m C o u rt Descripti o n
ersmlatermfiledm am lawsui tmagains tmFalcon emandm
Countrywid emBank ,m allegin gmfraud .mThemtri almco TrialmCourts Trialmcourtsmaremcourtsmofmoriginalmjurisdictionminmwhichmactionsmareminitiated.
urtmdismissedm themsuit,mandm th emappell atemcour 1. Statemcourts—
tmupheldmth emdismissalmbecau semth em homeown er Courtsmofmgeneralmjurisdictionmcanmhearmanymcasemthatmhasmnotmbeen
smhadmbeenmgiv enmthemopportunitymtomreadm all m specificallymdesignatedmformanothermcourt;mcourtsmofmlimitedmjurisdictio
m ofm them relev antm docum ents ,m butm hadm no tm do nminclude,m amongmothers,mdomesticmrelationsmcourts,mprobatemcourts,m
municipalmcourts,mandm smallmclaimsmcourts.
2. Federalmcourts—
Themfederalmdistrictmcourtmismthemequivalentmofmthemstatemtrialmcourt.m F
ederalmcourtsmofmlimitedmjurisdictionmincludemthembankruptcymcourtsma
ndmothersm shownminmExhibitm2–2monmpagem38.
Intermediatem Courtsmofmappealsmaremreviewingmcourts;mgenerally,mappellatemcourtsmdomnot
AppellatemCourt mhavemorigi-m nalmjurisdiction.mAboutmthree-
s fourthsmofmthemstatesmhavemintermediatemappellatemcourts;m inmthemfederalmc
ourtmsystem,mthemU.S.mcircuitmcourtsmofmappealsmaremthemintermediatem appe
llatemcourts.
SuprememCourts Themhighestmstatemcourtmismthatmstate’smsuprememcourt,malthoughmitmmaym
bemcalledmbym somemothermname.mAppealmfrommstatemsuprememcourtsmtomt
hemUnitedmStatesmSupremem Courtmismpossiblemonlymifmamfederalmquestionmi
sminvolved.mThemUnitedmStatesmSupremem Courtmismthemhighestmcourtminmt
hemfederalmcourtmsystemmandmthemfinalmarbitermofmthem Constitutionmandmf
ederalmlaw.
198m U N ITm T mW O m T O R T S m A N D m CR I M E S
9– 9–6.mCASEmPROBLE Mm W IT HmSA MP LEmA NS WE R :mCred i tmCards.
2.mPropertymCrimesmWhich,mifmany,mofmthemfollowin OleksiymSharapkamorderedmmerchandisemonlin
gmcrimesm necessarilyminvolvesmillegalmactivitymonm em usingmstolenmcreditmcards.mHemhadmthemi
thempartmofmmorem thanmonemperson? temsmsentmtom outletsmofmMailmBoxes,m Etc.,m
(a) Bribery andmthenmarrangedmform someonemtomdeliver
(b) Forgery mthemitemsmtomhismhouse.mHemsub-
(c) Embezzlement sequentlymshippedmthemgoodsmoverseas,mprimarilymto
(d) Larceny mRussia.m Sharapkamwasmindictedminmamfederalmdistric
(e) Receivingm stolenm property tmcourt.mAtmthemtimem ofmhismarrest,mgovernmentma
gentsmfoundminmhismpossession,m amongmothermthings
9–3.mQUESTIONm WIT HmSA MP LEmA NS WE R :mC ybermScam.
,mmoremthanmthreemhundredmstolenmcredit-
Kayla,m am studentm atm Learnwellm Universit m cardmnumbers,mincludingmnumbersmissuedmbymAme
y,m owes ricanm Express.m Theremwasmevidencemthatmhemhadmu
$20,000minmunpaidmtuition.mIfmKaylamdoe sedmmoremthanmtenm ofmthemAmericanmExpressmnum
smnotm paym them tuition,m Learnwellm will bersmtombuymgoodsmworthm betweenm$400,000mand
m notm allowm herm tom graduate.m Tom obt m$1mmillionmfrommatmleastmfourteenm vendors.mDid
ainm them fundsm tom paym the mSharapkamcommitmanymcrimes?mIfmso,mwhomwere
debt,mshemsendsme- m hismvictims?mExplain.m[mUnitedmStatesmv.mSharapk
mailmlettersmtompeoplemth atmshemdoesmnotm perso a,m526mF.3dm 58m(1stmCir.m2008)]
nallymknowmaskingmformfinancialmhelpmtomsendmMi
lo,m herm disabledm child,m tom am sp ecialm school.m I sampleman
nm reality,m Kayla
smnomchildrenm Ismthismamcrime?mI
SamplemanswersmtomselectedmQuestions mandmCasemProblemsmarem
availableminmthismbook’smAppendixmImandmatmthemCompanionmWebmSi
te.mAtm them endm ofm everym chapterm inm th ism b ook, m you’llm f ind m am greatm var
ietym of mquestionsmand mcasemproblemsmthatmhelp myou mretainmand mapplymwh at
myou’vem learned. mWe’vem provided msampleman swersmatmth embackmof m themb oo
Copyrightm2010mCengagemLearning.mAllmRightsmReserved.mMaymnotmbemcopied,mscanned,mormduplicated,minmwholemorminmpart.mDuemtomelectronicmrights,msomemthirdmpartymcontentmmaymbemsuppressedmfrom
mthemeBookmand/ormeChapter(s).
Editorialm rev i e wmha smd ee m edm tha tmanyms upp r ess edm con ten tm doe smno tm ma ter ia lly ma ffe c tm th emove ral lm l ear ni ng mex pe r ie nc e.m Ce ngagem L ea rn ing m re se rv esm th em rig h tm tomr e mov emadd i tiona lmco n te n tma tmanym ti mem i f
, kmand matm www.cengage.com/bl aw/cl arksonmtomselected mQuestions m andm Ca
se m Problems m somyou mcanmcomparemthemauthors’ manswersmtomyours.
Copyrightm2010mCengagemLearning.mAllmRightsmReserved.mMaymnotmbemcopied,mscanned,mormduplicated,minmwholemorminmpart.mDuemtomelectronicmrights,msomemthirdmpartymcontentmmaymbemsuppressedmfrom
mthemeBookmand/ormeChapter(s).
Editorialm rev i e wmha smd ee m edm tha tmanyms upp r ess edm con ten tm doe smno tm ma ter ia lly ma ffe c tm th emove ral lm l ear ni ng mex pe r ie nc e.m Ce ngagem L ea rn ing m re se rv esm th em rig h tm tomr e mov emadd i tiona lmco n te n tma tmanym ti mem i f
, Licensed mto: miChaptersmUser
In the STUDY GUIDE . . .
m m m m m m
resources to ace every test m m m m
Whatmbetterm way mtom stud ymf orm amtestmthan m
with m amStudy m Guide mp repared mb ymthe mco-
authormof mthism textb ook. m Written mb ym Rogerm StudymGuide
LeRoymM illerm and m William mEricm Hollowell, m t
hismcompreh en sivem resou rcem in clud es:
► Brief mintroductionsmand m outlinesmformeve
rymchapter
► True-false, mfill-in-the-blank, mand mmultip le-
choicemquestionsmformeverym chapter, masm wellmas
mshortm essaymproblemsmtomhelp myou m testm yours
elf
► Issuem Spottersm thatm focusm yourm study
► SamplemCPA m exam mquestions
► Anmappendix matmthemend m of mthem Study m G
uide m containingm an swersmtom allmq uestio
nsmand mIssuemSp otters
Bookstore m doesn’t mcarry m the mS tudy mGuide WILLIAM m ERICm HOLLOWELL m | m ROGERm LEROYm MILLER
?m You m canmgetm itmon lin em(ISBN:m0-538-47277-
7) matmwww.cengagebrain.com.
Visitmthismbook’smCompanionmWebmSitem
for mmanymadditional mstudymtoolsmww
w.cengage.com/blaw/clarkson
Answersmtomselected mCase m Problems m fro
mm thismtextbook
Copyrightm2010mCengagemLearning.mAllmRightsmReserved.mMaymnotmbemcopied,mscanned,mormduplicated,minmwholemorminmpart.mDuemtomelectronicmrights,msomemthirdmpartymcontentmmaymbemsuppressedmfrom
mthemeBookmand/ormeChapter(s).
Editorialm rev i e wmha smd ee m edm tha tmanyms upp r ess edm con ten tm doe smno tm ma ter ia lly ma ffe c tm th emove ral lm l ear ni ng mex pe r ie nc e.m Ce ngagem L ea rn ing m re se rv esm th em rig h tm tomr e mov emadd i tiona lmco n te n tma tmanym ti mem i f
,Licensed mto: miChaptersmUser
In this book . . . STUDY TOOLS
m m m m m m m
that help you make the grade
m m m m m
mCASmEmImNmPOINTmmPatriciam Ostolaz am andm Em ShortmCaseminmPointmexampl
Josém Diazm ownedm am homem onm whichm they
m hadm twom mortgagem loansmandmamhomem equi
esm m m m m m
tymlinemofmcreditmprovidedmbym BankmofmAmeric m
a.mAn thonymFalconemc alledmth emmandm s aidmth at
mhemcouldmrefinanc emth eirmmortgagesminmam ma
nnermthatmwouldmredu cemth eirmmonthlympayment
s.m Falconemsaidmthatmhemrepr esentedmBankmofm
Ameri cam wh enminmfac tmhemrepr esen tedmCountry ▼m ConceptmSummarymboxesmlocatedmatmkeympointsminmea
widemHom em Loans ,mInc.mAtmth emclosingmofmth e
mnewmloan ,mthemhom-
chmchapter mhelpmyoumreview mmoremeffectivelymformexam
m eownersmwer emgivenmallmofmth emrelev antmdocu s.
ments ,m includingmth emTIL Amdisclosur emstatemen t.
mThemdocu- m m m m m m
m mentsmaccur atelymstatedmthemmonthlympaym ent m
munderm themnewmloan,mwhichmwasmhigh ermthan
mthemcouple’sm originalmp aymen ts.mTh emhomeown
Type m of m C o u rt Descripti o n
ersmlatermfiledm am lawsui tmagains tmFalcon emandm
Countrywid emBank ,m allegin gmfraud .mThemtri almco TrialmCourts Trialmcourtsmaremcourtsmofmoriginalmjurisdictionminmwhichmactionsmareminitiated.
urtmdismissedm themsuit,mandm th emappell atemcour 1. Statemcourts—
tmupheldmth emdismissalmbecau semth em homeown er Courtsmofmgeneralmjurisdictionmcanmhearmanymcasemthatmhasmnotmbeen
smhadmbeenmgiv enmthemopportunitymtomreadm all m specificallymdesignatedmformanothermcourt;mcourtsmofmlimitedmjurisdictio
m ofm them relev antm docum ents ,m butm hadm no tm do nminclude,m amongmothers,mdomesticmrelationsmcourts,mprobatemcourts,m
municipalmcourts,mandm smallmclaimsmcourts.
2. Federalmcourts—
Themfederalmdistrictmcourtmismthemequivalentmofmthemstatemtrialmcourt.m F
ederalmcourtsmofmlimitedmjurisdictionmincludemthembankruptcymcourtsma
ndmothersm shownminmExhibitm2–2monmpagem38.
Intermediatem Courtsmofmappealsmaremreviewingmcourts;mgenerally,mappellatemcourtsmdomnot
AppellatemCourt mhavemorigi-m nalmjurisdiction.mAboutmthree-
s fourthsmofmthemstatesmhavemintermediatemappellatemcourts;m inmthemfederalmc
ourtmsystem,mthemU.S.mcircuitmcourtsmofmappealsmaremthemintermediatem appe
llatemcourts.
SuprememCourts Themhighestmstatemcourtmismthatmstate’smsuprememcourt,malthoughmitmmaym
bemcalledmbym somemothermname.mAppealmfrommstatemsuprememcourtsmtomt
hemUnitedmStatesmSupremem Courtmismpossiblemonlymifmamfederalmquestionmi
sminvolved.mThemUnitedmStatesmSupremem Courtmismthemhighestmcourtminmt
hemfederalmcourtmsystemmandmthemfinalmarbitermofmthem Constitutionmandmf
ederalmlaw.
198m U N ITm T mW O m T O R T S m A N D m CR I M E S
9– 9–6.mCASEmPROBLE Mm W IT HmSA MP LEmA NS WE R :mCred i tmCards.
2.mPropertymCrimesmWhich,mifmany,mofmthemfollowin OleksiymSharapkamorderedmmerchandisemonlin
gmcrimesm necessarilyminvolvesmillegalmactivitymonm em usingmstolenmcreditmcards.mHemhadmthemi
thempartmofmmorem thanmonemperson? temsmsentmtom outletsmofmMailmBoxes,m Etc.,m
(a) Bribery andmthenmarrangedmform someonemtomdeliver
(b) Forgery mthemitemsmtomhismhouse.mHemsub-
(c) Embezzlement sequentlymshippedmthemgoodsmoverseas,mprimarilymto
(d) Larceny mRussia.m Sharapkamwasmindictedminmamfederalmdistric
(e) Receivingm stolenm property tmcourt.mAtmthemtimem ofmhismarrest,mgovernmentma
gentsmfoundminmhismpossession,m amongmothermthings
9–3.mQUESTIONm WIT HmSA MP LEmA NS WE R :mC ybermScam.
,mmoremthanmthreemhundredmstolenmcredit-
Kayla,m am studentm atm Learnwellm Universit m cardmnumbers,mincludingmnumbersmissuedmbymAme
y,m owes ricanm Express.m Theremwasmevidencemthatmhemhadmu
$20,000minmunpaidmtuition.mIfmKaylamdoe sedmmoremthanmtenm ofmthemAmericanmExpressmnum
smnotm paym them tuition,m Learnwellm will bersmtombuymgoodsmworthm betweenm$400,000mand
m notm allowm herm tom graduate.m Tom obt m$1mmillionmfrommatmleastmfourteenm vendors.mDid
ainm them fundsm tom paym the mSharapkamcommitmanymcrimes?mIfmso,mwhomwere
debt,mshemsendsme- m hismvictims?mExplain.m[mUnitedmStatesmv.mSharapk
mailmlettersmtompeoplemth atmshemdoesmnotm perso a,m526mF.3dm 58m(1stmCir.m2008)]
nallymknowmaskingmformfinancialmhelpmtomsendmMi
lo,m herm disabledm child,m tom am sp ecialm school.m I sampleman
nm reality,m Kayla
smnomchildrenm Ismthismamcrime?mI
SamplemanswersmtomselectedmQuestions mandmCasemProblemsmarem
availableminmthismbook’smAppendixmImandmatmthemCompanionmWebmSi
te.mAtm them endm ofm everym chapterm inm th ism b ook, m you’llm f ind m am greatm var
ietym of mquestionsmand mcasemproblemsmthatmhelp myou mretainmand mapplymwh at
myou’vem learned. mWe’vem provided msampleman swersmatmth embackmof m themb oo
Copyrightm2010mCengagemLearning.mAllmRightsmReserved.mMaymnotmbemcopied,mscanned,mormduplicated,minmwholemorminmpart.mDuemtomelectronicmrights,msomemthirdmpartymcontentmmaymbemsuppressedmfrom
mthemeBookmand/ormeChapter(s).
Editorialm rev i e wmha smd ee m edm tha tmanyms upp r ess edm con ten tm doe smno tm ma ter ia lly ma ffe c tm th emove ral lm l ear ni ng mex pe r ie nc e.m Ce ngagem L ea rn ing m re se rv esm th em rig h tm tomr e mov emadd i tiona lmco n te n tma tmanym ti mem i f
, kmand matm www.cengage.com/bl aw/cl arksonmtomselected mQuestions m andm Ca
se m Problems m somyou mcanmcomparemthemauthors’ manswersmtomyours.
Copyrightm2010mCengagemLearning.mAllmRightsmReserved.mMaymnotmbemcopied,mscanned,mormduplicated,minmwholemorminmpart.mDuemtomelectronicmrights,msomemthirdmpartymcontentmmaymbemsuppressedmfrom
mthemeBookmand/ormeChapter(s).
Editorialm rev i e wmha smd ee m edm tha tmanyms upp r ess edm con ten tm doe smno tm ma ter ia lly ma ffe c tm th emove ral lm l ear ni ng mex pe r ie nc e.m Ce ngagem L ea rn ing m re se rv esm th em rig h tm tomr e mov emadd i tiona lmco n te n tma tmanym ti mem i f
, Licensed mto: miChaptersmUser
In the STUDY GUIDE . . .
m m m m m m
resources to ace every test m m m m
Whatmbetterm way mtom stud ymf orm amtestmthan m
with m amStudy m Guide mp repared mb ymthe mco-
authormof mthism textb ook. m Written mb ym Rogerm StudymGuide
LeRoymM illerm and m William mEricm Hollowell, m t
hismcompreh en sivem resou rcem in clud es:
► Brief mintroductionsmand m outlinesmformeve
rymchapter
► True-false, mfill-in-the-blank, mand mmultip le-
choicemquestionsmformeverym chapter, masm wellmas
mshortm essaymproblemsmtomhelp myou m testm yours
elf
► Issuem Spottersm thatm focusm yourm study
► SamplemCPA m exam mquestions
► Anmappendix matmthemend m of mthem Study m G
uide m containingm an swersmtom allmq uestio
nsmand mIssuemSp otters
Bookstore m doesn’t mcarry m the mS tudy mGuide WILLIAM m ERICm HOLLOWELL m | m ROGERm LEROYm MILLER
?m You m canmgetm itmon lin em(ISBN:m0-538-47277-
7) matmwww.cengagebrain.com.
Visitmthismbook’smCompanionmWebmSitem
for mmanymadditional mstudymtoolsmww
w.cengage.com/blaw/clarkson
Answersmtomselected mCase m Problems m fro
mm thismtextbook
Copyrightm2010mCengagemLearning.mAllmRightsmReserved.mMaymnotmbemcopied,mscanned,mormduplicated,minmwholemorminmpart.mDuemtomelectronicmrights,msomemthirdmpartymcontentmmaymbemsuppressedmfrom
mthemeBookmand/ormeChapter(s).
Editorialm rev i e wmha smd ee m edm tha tmanyms upp r ess edm con ten tm doe smno tm ma ter ia lly ma ffe c tm th emove ral lm l ear ni ng mex pe r ie nc e.m Ce ngagem L ea rn ing m re se rv esm th em rig h tm tomr e mov emadd i tiona lmco n te n tma tmanym ti mem i f
